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🇱🇹 Lithuania /Economy & Trade

“They were almost shocked”: Children taking over family business change their parents’ view

From Delfi · () Lithuanian

Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.

At a glance

In-depth Sources not specified Context piece
  • The Mazaliai family is transferring control of the Gerduva business to the next generation after three decades of building it.
  • The parents initially felt concerned about some of their children’s decisions but now say the results exceeded what they had created themselves.

After three decades of building the Gerduva business, the Mazaliai family is taking on the challenge of handing control to their children.

Some of the children’s decisions initially worried their parents. Their view has since changed, however, as the next generation’s work surpassed what the parents had built and done over many years.

It surpassed anything my husband and I had created and done over many years.

· Loreta MazalienėShe describes how the children’s management of the family business changed the parents’ initial concerns.
About this summary

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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